SCGF postpones final repayment of sugar cane loan

The Sugar Cane Growers Fund is informing all its customers and growers that, at the request of the Sugar Cane Growers Council, it has deferred loan payments due today.

This was done in consultation with the Ministry of Multi-ethnic Affairs & Sugar Industry.

Chief Executive of the SCGC, Raj Sharma, states that they have received $2.634 million and only $23,838 has been deducted for accounts with high defaults.

Sharma added that this deferred loan repayment will be deducted from the next sugarcane payment and farmers are advised to spend the money wisely.

He also said that if any of the growers want to pay back the contribution earlier, they can do so.